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South Florida

State Street closes 100,000 square feet in leases

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State Street Realty completed nearly 100,000 square feet of office and industrial leases in January in the Miami Airport submarket, the firm announced today. State Street President George Pino and Ed Lyden, senior vice president, completed the deals, which they say signal a growing market. “The industrial sector continues to strengthen in the Miami Airport West submarket,” Pino said. “In 2012, you will continue to see a significant amount of industrial space absorbed and subsequently rental rates will continue to trend up.” The leases were highlighted by a 44,800-square-foot renewal by freighting firm Geodis Wilson at Prologis Beacon Industrial Centre.
— Alexander Britell

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George PinoPrologisState Street